10 Crazy Things You Should Know About WeWork, the Coworking Company Valued at $20 Billion - JPKee.com
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If you live or work in a big city, it's likely that you have stepped inside one of WeWork's 178 locations, either because that's where your office is, or because you know someone who works out of one. If you're not familiar with WeWork, its core business is renting out shared office space to clients that range from individuals in need of a desk part time to companies looking for an alternative to a multi-year lease.
The company seems to be everywhere these days. Last year, it launched dorm-style housing called WeLive, and recently a fitness center called Rise that costs $180 per month to join. The company bought the iconic Lord &; Taylor building on Fifth Avenue in Manhattan for $850 million. It's also opening a second headquarters in San Francisco.
Related: 8 Reasons a Powerful Personal Brand Will Make You Successful
WeWork, which was founded by Miguel McKelvey and Adam Neumann, was recently estimated to be worth $20 billion and in August 2017 got a $4.4 billion infusion from Japanese giant SoftBank. Some investors and analysts question whether it's just a fancy real estate holdings company, but the company argues that its business is more than that, given that it enables culture and collaboration. Meanwhile, it collects data on modern work, which it uses to shape its spaces.
Click through the slides for some crazy facts and figures (provided by the company and other sources) about the coworking behemoth WeWork.
All numbers as of November 2017.
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Author - Vikash Kumar
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